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Updated almost 3 years ago,
Should I sell my condo?
BiggerPockets community,
I come to you today looking for some advice. I am a small level landlord (I own a duplex with both sides rented out and a condo which I live in and also rent out my guest bedroom).
I am looking to house hack but unfortunately I believe my condo may be holding me back from my goals because my HOA does not allow the units to be rented out.
I have lived in this condo for 2 years and in that time it has appreciated by about $30,000 so I can sell it and make a positive profit (but will need to pay $12,000 in realtor commissions.
Does anyone see an option other option if I want to continue buying properties? In hindsight I believe buying this condo may have been a bad idea because I was not aware of this stipulation beforehand.
In an ideal world I would like to keep the condo but I don't believe that is a possibility.
Thanks for all your help!
All the best,
Ryan Brown